Pricing Supplement No. 27 dated January 12, 2005. Filed pursuant to Rule 424(b)(5)
(To Prospectus dated September 7, 2004 and Prospectus File No. 333-112244
Supplement dated September 7, 2004)
This Pricing Supplement consists of 3 pages.
HARTFORD LIFE INSURANCE COMPANY
DEPOSITOR
SECURED MEDIUM-TERM NOTES
ISSUED THROUGH
HARTFORD LIFE GLOBAL FUNDING TRUST 2005-006
FLOATING RATE NOTES DUE JULY 13, 2007
The description in this pricing supplement of the particular terms of the
Secured Medium-Term Notes offered hereby and the Funding Agreement sold by
Hartford Life Insurance Company to the Trust specified herein supplements the
description of the general terms and provisions of the notes and the funding
agreements set forth in the accompanying prospectus and prospectus supplement,
to which reference is hereby made.
PROVISIONS RELATING TO THE NOTES
Principal Amount: $300,000,000 Type of Interest Rate: [ ] Fixed [X] Floating
Price to Public: 100% If Fixed Rate Notes: Interest Rate:
Net Proceeds to Trust: $300,000,000 If Floating Rate Notes: Initial Interest Rate:
CALCULATED USING BASE RATE ON 1/17/05.
CUSIP Number: 41659EAB3 Base Rate: [ ] CD Rate [ ] Commercial Paper Rate
[ ] CMT Rate [ ] Federal Funds Rate
Agent's Discount: 0.00% [X] LIBOR [ ] Treasury Rate
[ ] Prime Rate [ ] Other (See Attached)
If LIBOR: [ ] LIBOR Reuters Page
Issuance Date: JANUARY 19, 2005 [X] LIBOR Telerate Page 3750
Designated LIBOR Currency: U.S. DOLLARS
Stated Maturity Date: JULY 13, 2007 If CMT Rate, Telerate Page: [ ] 7051 [ ] 7052
If 7052: [ ] Weekly Average [ ] Monthly Average
Initial Interest Payment Date: APRIL 15, 2005 Designated CMT Maturity Index:
Interest Reset Dates: THE 15TH DAY OF EACH JANUARY,
Interest Payment Frequency: THE 15TH DAY OF EACH JANUARY, APRIL, JULY AND OCTOBER.
APRIL, JULY AND OCTOBER. Initial Interest Reset Date: APRIL 15, 2005
Index Maturity: THREE MONTHS
Specified Currency: U.S. DOLLARS Interest Rate Determination Dates: AS SPECIFIED IN THE
PROSPECTUS SUPPLEMENT FOR THE INDICATED BASE RATE.
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Regular Record Dates: 15 DAYS PRIOR TO AN INTEREST Spread: + 4 BASIS POINTS. Spread Multiplier: N/A
PAYMENT DATE. Maximum Interest Rate: NONE.
Minimum Interest Rate: NONE.
Day Count Convention: ACTUAL/360 Floating Rate/Fixed Rate Note: [ ] Yes [X] No. If yes:
Fixed Rate: N/A
Fixed Rate Commencement Date: N/A
Computation of Interest: AS SPECIFIED IN THE PROSPECTUS Inverse Floating Rate Note [ ] Yes [X] No. If yes,
SUPPLEMENT FOR THE INDICATED BASE RATE. Fixed Interest Rate: N/A
Authorized Denominations: $1,000 Sinking Fund: NONE.
Optional Redemption: Yes [ ] No [X] Calculation Agent: JPMORGAN CHASE BANK, N.A.
Optional Redemption Date: N/A
Initial Redemption Percentage: N/A Exchange Rate Agent: N/A
Annual Percentage Reduction: N/A Securities Exchange Listing: NONE.
Redemption may be: [ ] In whole only.
[ ] In whole or in part. Additional Amounts to be Paid: [ ] Yes [X] No
Optional Repayment: [ ] Yes [X] No Special Tax Considerations: Interest payable on
Optional Repayment Dates: N/A the Notes will be treated as "qualified stated
interest" for United States federal income tax
purposes, as it meets the specified criteria
referenced in the prospectus supplement under the
heading "Material United States Federal Income Tax
Considerations - U.S. Holders - INTEREST AND
ORIGINAL ISSUE DISCOUNT."
Other Provisions Relating to the Notes: NONE.
Amortizing Note: [ ] Yes (See attached) [X] No
Agents: MORGAN STANLEY
Discount Note: [ ] Yes [X] No If Yes:
Total Amount of Discount: N/A
Yield to Maturity: N/A
INFORMATION RELATING TO THE FUNDING AGREEMENT
Funding Agreement Provider: HARTFORD LIFE INSURANCE Type of Interest Rate: [ ] Fixed [X] Floating
COMPANY
If Fixed Rate Funding Agreement: Interest Rate:
Funding Agreement: FA-405006 If Floating Rate Funding Agreement: Initial Interest Rate:
Contract Payment: $300,000,015 CALCULATED USING BASE RATE ON 1/17/05.
Base Rate: [ ] CD Rate [ ] Commercial Paper
Deposit Amount: $300,000,015 [ ] CMT Rate [ ] Federal Funds Rate
(if different from Contract [X] LIBOR [ ] Treasury Rate
Payment [ ] Prime Rate [ ] Other (See Attached)
If LIBOR: [ ] LIBOR Reuters Page
Effective Date: JANUARY 19, 2005 [X] LIBOR Telerate Page 3750
Designated LIBOR Currency: U.S. DOLLARS
Stated Maturity Date: JULY 13, 2007 If CMT Rate, Telerate Page: [ ] 7051 [ ] 7052
If 7052: [ ] Weekly Average [ ] Monthly Average
Initial Interest Payment Date: APRIL 15, 2005 Designated CMT Maturity Index:
Interest Reset Frequency: THE 15TH DAY OF EACH JANUARY,
APRIL, JULY AND OCTOBER.
Interest Payment Frequency: THE 15TH DAY OF EACH JANUARY, Initial Interest Reset Date: APRIL 15, 2005
APRIL, JULY AND OCTOBER. Index Maturity: THREE MONTHS
Interest Rate Determination Date: AS SPECIFIED IN THE
Specified Currency: U.S. DOLLARS PROSPECTUS SUPPLEMENT FOR THE INDICATED BASE RATE.
Day Count Convention: ACTUAL/360 Spread: + 4 BASIS POINTS. Spread Multiplier: N/A
Maximum Interest Rate: NONE.
Minimum Interest Rate: NONE.
Floating Rate/Fixed Rate Funding Agreement: [ ] Yes [X] No
Computation of Interest: AS SPECIFIED IN THE PROSPECTUS If yes: Fixed Rate: N/A
SUPPLEMENT FOR THE INDICATED BASE RATE. Fixed Rate Commencement Date: N/A
Inverse Floating Rate Funding Agreement: [ ] Yes [X] No
If yes: Fixed Interest Rate: N/A
Optional Redemption: Yes [ ] No [X]
Optional Redemption Date: N/A Amortizing Funding Agreement: [ ] Yes (See attached)
Initial Redemption Percentage: N/A [X] No
Annual Percentage Reduction: N/A
Redemption may be: [ ] In whole only. Discount Funding Agreement: [ ] Yes [X] No If yes:
[ ] In whole or in part. Total Amount of Discount: N/A
Yield to Maturity: N/A
Optional Repayment: [ ] Yes [X] No
Optional Repayment Dates: N/A Additional Amounts to be Paid: [ ] Yes [X] No
Special Tax Considerations: NONE.
Other Provisions Relating to the Funding Agreement: NONE.
Note: The Opinion regarding the enforceability of the Funding Agreement and the
related Consent of Counsel for Hartford Life Insurance Company is given by
Jonathan Mercier, Counsel.
INFORMATION PERTAINING TO THE RATINGS OF
THE NOTES AND THE FUNDING AGREEMENT
It is anticipated that, as of January 19, 2005 both the Notes and the Funding
Agreement will be rated by the indicated rating agencies as follows:
Standard & Poor's: AA- Moody's: Aa3
The Moody's rating also extends to the Program under which the Notes are issued.
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